Textile Chamber Of Commerce: February Textile Export Growth Encounters "Spring Festival Effect"

According to customs statistics, in February, the volume of textile and clothing trade in China dropped sharply compared with January. Due to the impact of the Spring Festival holiday, the export growth slowed down. In February, the export volume was 10 billion 440 million US dollars, less than half of the January export volume, and a decrease of 17.4% over the same period last year. The import value of US $1 billion 240 million was 31.5% lower than that in January, an increase of 22.1% over the same period last year.

The monthly surplus of US $9 billion 200 million was 10 billion 600 million US dollars lower than in January.

1~2 months, textile and apparel exports totaled 32 billion 60 million US dollars, an increase of 13.7%, and imports of US $3 billion 50 million, an increase of 27.8%.

Realized a cumulative surplus of $29 billion 10 million, an increase of 12.3%

ASEAN market is strong

EU market: February, China's EU

US market: in February, China exported $1 billion 480 million to us textiles and clothing, down 25.2%.

In China's main export market, the most rapid decline.

Textiles and clothing decreased by 24.4% and 25.5% respectively.

In 1~2 months, exports to the US increased by US $4 billion 570 million, an increase of 5.1%, of which textiles and clothing grew by 5.2% and 5% respectively.

Japan's market: in February, China exported $1 billion 340 million to Japan, down 7.8%, a drop lower than the European Union and the United States.

Among them, clothing was down by 9.3% and textiles were basically flat.

In 1~2 months, exports to Japan increased by 17.1%, with textiles and clothing increased by 18% and 17%, respectively.

After the "3.11" earthquake in Japan, China's exports to Japan are expected in the near future.

ASEAN market: ASEAN is now the fourth largest export market in China. In the past five years, China's exports to ASEAN continued to grow except for the decline in 2009.

In February this year, China exported $720 million to ASEAN, a decrease of 3.6%, the smallest decline in the top four export markets.

The total exports of major yarn and fabrics totaled 440 million US dollars, maintaining a 15.3% growth.

In 1~2 months, exports to ASEAN increased by US $2 billion 240 million, an increase of 20.2%, of which 48.4% of yarn fabrics grew by a total.

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In February, exports of all major trade patterns declined.

Among them, general trade exports 7 billion 740 million US dollars, down 19.1%; processing trade exports 2 billion 80 million US dollars, down 7.8%.

The import and export cargo trade of warehousing and re bonded goods in bonded areas has maintained an increase, with exports of US $290 million, an increase of 24.2%, and imports of US $80 million, an increase of 67%.

In 1~2 months, general trade exports amounted to 24 billion 320 million US dollars, an increase of 14.6%, processing trade exports of US $5 billion 730 million, an increase of 12.8%, and the export and import of bonded goods in bonded areas and bonded warehouses reached 720 million US dollars, an increase of 48%.

Garment exports drop more than textiles

Exports of most commodities declined in February.

Exports of textiles and clothing were 4 billion 30 million US dollars and 6 billion 420 million US dollars, respectively, by 11.8% and 20.5% respectively. The exports of fabrics and manufactured goods decreased by 14.9% and 21% respectively, and knitted and woven garments in clothing decreased by 22.8% and 17.5% respectively.

Only in large categories of commodities, yarn grew rapidly, with an increase of 35.6%.

Yarn has maintained a good export growth in recent years, and has achieved export growth for 16 consecutive months in February this year.

The fastest growing markets are mainly in the European Union, ASEAN and India, Turkey and Korea.

The growth of yarn exports was jointly driven by quantity expansion and price increase. The export volume and price of yarn increased by 9.5% and 23.8% respectively in that month.

Despite the decline in exports, the export price of most commodities remained on the rise, with 35% of the fabric and 15% of knitted and woven garments.

In 1~2 months, exports of textiles and clothing were 12 billion 270 million US dollars and 19 billion 800 million US dollars respectively, increasing by 20.9% and 9.6% respectively.

The export growth of yarn, fabric and finished goods in textiles was 54%, 25% and 8% respectively, and the unit price of yarn export increased by 24.7% and fabric increased by 28.7%.

The export of knitted and woven garments increased by 10%, and the export unit price increased by 13.7%.

Yarn imports grow rapidly

In February, China's textile imports amounted to 1 billion 40 million US dollars, an increase of 18.3%, and clothing imports of US $200 million, an increase of 47.2%.

The higher the degree of processing imports of textiles, the greater the increase in imports, the increase of yarn, fabric and finished goods were 32.3%, 13.2% and 7.8% respectively.

In 1~2 months, imports of textiles and clothing reached US $12 billion 270 million and US $19 billion 800 million respectively, increasing by 21% and 9.6% respectively.

In February, the import price of fabrics, knitted, woven garments and fur leather garments in large categories of commodities decreased, falling by 11%, 8% and 24% respectively. Only the price of imported yarn was rising as cotton prices continued to rise (cotton, including carding and carding, and the import price reached 3000 US $/ ton, up 75% over the same period last year).

In 1~2 months, imports of textiles and clothing reached US $2 billion 570 million and US $480 million respectively, with an increase of 24.3% and 50.6% respectively.

Yarn import price rose 38%, fabric import price decreased by 4%, knitted and woven garments decreased by 8.7%.

Textile raw material import price rises

In February, the import volume of raw materials has dropped, and imports of 27.7 billion tons, down 13.2%, while the import amount is still growing rapidly, with an import value of US $840 million, an increase of 33.6%.

In 2011, the price of raw materials imports rose more significantly, rising by 52% in January and rising by 54% in February, or more than last month.

The situation of cotton was more prominent, and in January and February, it rose by 66.7% and 75% respectively.

In 1~2 months, the import volume and value of raw materials increased by 7.3% and 63.7% respectively, and the unit price of imports increased by 52.5%, of which cotton import volume and value increased by 10.2% and 86.5% respectively, and the unit price of imports increased by 69.2%.